Navan (NASDAQ:NAVN) Stock Price Down 6.8% - Here's What Happened

Key Points

• Shares fell 6.8% to about $12.06 on Thursday, trading as low as $12.02 with roughly 695,021 shares changing hands (about 71% below average volume).
• The decline appears driven chiefly by a surge of lawsuits and securities‑fraud investigations alleging omissions in Navan’s IPO documents, with multiple firms soliciting lead plaintiff applications (April 24, 2026 deadline).
• Countering the legal overhang, Navan raised Q1 2027 guidance to $204–$206M and FY2027 to $866–$874M (both above Street), recently beat EPS and grew revenue 34.8% y/y, and has fresh analyst Buy coverage and an average target near $21.23.

Shares of Navan, Inc. (NASDAQ:NAVN - Get Free Report) dropped 6.8% on Thursday . The stock traded as low as $12.02 and last traded at $12.0650. Approximately 695,021 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 2,398,521 shares. The stock had previously closed at $12.94.

More Navan News

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Navan raised revenue guidance well above Street expectations for Q1 2027 ($204.0M–$206.0M vs. $189.1M consensus) and for FY2027 ($866M–$874M vs. $840.6M consensus), signaling stronger demand and faster growth than analysts expected. (Guidance disclosed 4/9/2026)
• Positive Sentiment: Fresh analyst interest: Bank of America initiated coverage with a Buy and Morgan Stanley has highlighted AI-driven growth and maintained a Buy — these endorsements support upside sentiment. B of A coverage Morgan Stanley / TipRanks
• Neutral Sentiment: Recent quarterly results showed revenue growth and an EPS beat (last reported quarter revenue +34.8% y/y and EPS ahead of estimates), which provides fundamental support but is being re‑priced in light of current news.
• Negative Sentiment: Multiple law firms have filed or announced investigations and class-action notices alleging omissions in Navan’s IPO documents and potential securities law violations; firms are soliciting lead plaintiff applications with an April 24, 2026 deadline — this surge in litigation notices is the dominant near-term risk and likely a key reason shares declined. Representative filings/alerts: Rosen Law Firm Rosen Law, Hagens Berman Hagens Berman, Schall Law Firm Schall Law.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley reiterated an "overweight" rating and set a $20.00 target price on shares of Navan in a research report on Tuesday, December 16th. Needham & Company LLC reiterated a "buy" rating on shares of Navan in a research report on Monday, December 15th. Bank of America assumed coverage on Navan in a research report on Tuesday. They set a "buy" rating and a $17.00 target price for the company. The Goldman Sachs Group increased their target price on Navan from $22.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, March 27th. Finally, Oppenheimer lowered their target price on Navan from $25.00 to $17.00 and set an "outperform" rating for the company in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Navan currently has an average rating of "Moderate Buy" and an average target price of $21.23.

Navan Stock Performance

The stock's fifty day simple moving average is $10.50. The company has a market cap of $3.03 billion and a P/E ratio of -5.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49.

Navan (NASDAQ:NAVN - Get Free Report) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.26. The company had revenue of $177.92 million for the quarter. The business's revenue for the quarter was up 34.8% on a year-over-year basis.

Insiders Place Their Bets

In other news, insider Anne Mary Giviskos sold 31,150 shares of the firm's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $9.52, for a total transaction of $296,548.00. Following the transaction, the insider owned 74,940 shares in the company, valued at approximately $713,428.80. This trade represents a 29.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Ilan Ezra Twig sold 49,210 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $8.62, for a total transaction of $424,190.20. Following the transaction, the chief technology officer owned 538,012 shares in the company, valued at approximately $4,637,663.44. The trade was a 8.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 245,597 shares of company stock worth $2,208,060.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lightspeed Management Company L.L.C. bought a new stake in Navan during the fourth quarter valued at about $852,658,000. a16z Capital Management L.L.C. bought a new stake in Navan during the fourth quarter valued at about $464,497,000. Greenoaks Capital Partners LLC bought a new stake in Navan during the fourth quarter valued at about $274,088,000. Cosmic Management LLC bought a new stake in Navan during the fourth quarter valued at about $121,930,000. Finally, Napean Trading & Investment Co Singapore PTE Ltd bought a new stake in Navan during the fourth quarter valued at about $100,332,000.

About Navan

Navan NASDAQ: NAVN is a technology company that provides an integrated platform for corporate travel, expense management and business payments. The company combines online travel booking and itinerary management with expense reporting, corporate card services and payment processing to help organizations consolidate travel and T&E (travel and expense) workflows into a single system. Navan emphasizes a mobile-first user experience, automated reconciliation and policy controls to simplify administrative processes for finance and travel teams while improving the experience for travelers.

Navan’s offerings typically include online and mobile travel booking, real-time traveler support and duty-of-care features, automated expense capture and reporting, corporate card and virtual card issuance, and tools for payments and invoice management.

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